Newcastle United fans have been left devastated by the news the Saudi-led takeover is now off.
The Public Investment Fund of Saudi Arabia and the Reuben brothers have withdrawn from the protracted saga to buy the Magpies from Mike Ashley.
The deal had been in the hands of the Premier League and their owners and directors test for four months.
A statement from the investment group reads: "With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club.
"We do so with regret, as we were excited and fully committed to invest in the great city of Newcastle and believe we could have returned the Club to the position of its history, tradition and fans’ merit.
"Unfortunately, the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable."
United and the Premier League are yet to comment on the news. Follow developments in our live blog.
This is how Newcastle United fans reacted to the news that the latest takeover bid has been withdrawn:
